ALGOUSDT
Algorand Price Analysis. Setup for LongLet's take a look in details globally and locally for BINANCE:ALGOUSDT.P
Why do i think the chart now looks more bullish than bearish! Potential targets for long and continuation!
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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ALGO - STILL BULLISH: NOW forming Elliot Wave 2-3📉Hi Traders, Investors and Speculators of Charts📈
If you've been following, you'll know I'm fundamentally bullish on Algorand. And it gets better than fundamentals - we are currently witnessing a similar fractal that played out on ALGO during early days - the Elliot Wave Fractal.
From the macro perspective, we can see that Algorand has a long way to go before reclaiming previous highs, unlike many other altcoins. It's hard to find an altcoin with good fundamentals tat still has 2000% upside potential, away from previous all time high.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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CryptoCheck
BINANCE:ALGOUSDT
ALGOGUSD (Long Term Buy?) Scaling InScaling in to obtain best asset prices:
We are looking to acquire assets to hold long term as the markets are selling off and the SPX and ES breaking through the 4,000 level while the DXY may test new highs. We do this by scaling in slowly to obtain an attractive weighted average price in selected cryptos. For this to work, you need to be VERY TIGHT in your entries and sizes, and not chase the markets.
One of the assets we are looking to acquire is Algorand (ALGOUSD) which from their website, is "the world's most decentralized, scalable, and secure blockchain infrastructure, that is capable of powering anything from decentralized finance to generative NFT art, powering future economic models."
Reminders:
1) Unless you are selling puts, it is more difficult to protect yourself from the downside in cryptos and create a margin of safety by selling DOTM puts on lower strikes for protection.
2) Cryptos are more risky therefore portfolio allocation and trade sizes are of critical importance.
Levels where we are looking to buy.
We are looking make small purchases in the 25 to 50 cent area as it's a great price range for a long term hold.
If you buy in the 50-69 cent range, it's a good but not as great.
Anything above 69 cents, you are starting to chase as our min sell target is $1.85
No matter what the SPX ES and DXY do, we are looking to purchase ALGOUSD at levels that have attractive risk to reward ratios, where slow scaling in with a long term hold make sense.
At the low end, if we risk $0.25 to make $1.60 (eg 1.85 - 0.25 = 1.60) or over a 5x return.
At the mid level, we risk $0.50 to make $1.50 a 3x return.
* If you are not willing to scale in small amount of money for a very long time minimum 3-7 years here don't do this trade.
Hope it helps
Marc
ALGO - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for ALGO.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!
All Strategies Are Good; If Managed Properly!
~Rich
ALGOUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
We are in the daily time frame. The price has lost its support which is now the resistance. It can make a pullback to the R1 line and then continue going down to S1. But if it breaks the R1, it will continue its bullish trend.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
ALGO USDT analysisHello Trader,
Please look at the video.
ALGO is on down trend and as per this analysis this will be continued to lower price as of the current date and time of publishing this idea.
RSI is low at 27, current price is ~1.63
1- First target is 1.56
2- The second is 1.49
3- Very ow possible third target is 1.21
--- Some advices
This is not a financial advice
Open trade at your own risk
Never invest beyond 10% of your portfolio
Never ever forget to have the stop-loss(1/2.5 R/R and more is better)
MARTYBOOTS 15 yrs Trading - List Of Coins Ready To EXPLODE MartyBoots here. I have been trading for 13-14 years and I am here to share my ideas with you to help the Crypto space.
DO NOT BE LEFT BEHIND Bitcoin Bull Market Is here right now
Crypto Is Very Bullish right now should move a lot higher
This market has potential parabolic structure
ALTs can turn bullish after crashes
If you want help trading Bitcoin or any other ALT coins hit me up , We will improve your trading . Have a look at the link below
Huge reversal pattern apparent & resistance levels to watch*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
WILL BITCOIN GO TO 16.8K. THESE ALTCOINS CAN MIN 10X YOUR MONEY.Welcome back everybody, I am expecting the altcoins to follow up with Bitcoin this weekend. I am also buying some insurance names for my stock pics. Be careful out there.
If this video gave you some ideas, make sure to smash the like button, break it and destroy it.
And like always, dont bet more than you cant afford to lose.
See you later.
~Bo
Can it stay above this CRITICAL support level & keep reversing?*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I may also own or trade any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
Key resistance levels to break & start looking bullish again*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
*Thank you to those who donated, I very much appreciate it.
Bullish & bearish case scenarios as BTC continues moving*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
*Thank you to those who donated, I very much appreciate it.
Close above this level to switch bullish & supports to watch*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.
Look out for these support levels if price continues dropping*DISCLAIMER: I am not a financial advisor and this is not financial advice as these are purely my opinions and speculations. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky.
*Follow me for the latest cryptocurrency analyses on my watchlist
*Thank you to those who donated, I very much appreciate it.
*Let me know in the comment section if you agree or disagree, would love to hear your ideas too.